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Medlife raises ₹400 cr from Co-founder's family trust Prasid Uno
short by Anushka Dixit / on Thursday, 26 September, 2019
Bengaluru-based pharmacy platform Medlife is raising ₹400 crore from Prasid Uno Family Trust through debt with an option to convert into convertible redeemable preference shares. Prasid Uno is Medlife Co-founder Tushar Kumar's family trust. Medlife is also reportedly in talks to raise ₹1,064 crore from SoftBank and Cipla. In April, it had raised around ₹118 crore from Prasid Uno.
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